NHAI to earn ₹ 1.34 lakh crore as annual toll revenue by 2025: Nitin Gadkari
Union Minister Nitin Gadkari on Wednesday said that the financial position of the National Highways Authority of India (NHAI) is in sound condition, and the country’s toll revenue, which is Rs 34,000 crore per year, will touch Rs 1.34 lakh crore per year by 2025.
Union Road Transport and Highways Minister Nitin Gadkari said, “The big challenge now is to monetize the project and how we raise funds.
It is important that we are adopting different types of solutions for this. ”
Speaking at an event ‘Leadership Summit 2021’ and 14th ICAI (Institute of Chartered Accountants of India) Awards, Gadkari said that chartered accountants are the growth engines of our economy. “Currently, the economics of NHAI are in really good shape. Our current toll income is ₹ 34,000 crore per year and by 2025, we will have an income of Rs 1.34 lakh crore, ”he said.
The Indian economy is the fastest growing economy in the world and now, the country needs to adopt different types of innovation in financing, Gadkari said. He said, “Our total system is digital and I am sure we need foreign investment for the development of our country.” He said that there is a need to develop various types of initiatives for policy making, through which we can get more FDI in the country. Gadkari also said that socioeconomic change and poverty alleviation are major challenges, but with innovative financing models, new technology and research skills, it is possible to convert knowledge into wealth.
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